6 Comments:

When I have some spare time I enjoy reading several different blogs to try to gauge "public opinion" I have nearly stopped watching TV except for an entertaining movie. My observation is this:An education is a wonderful thing. To teach someone something useful brings great satisfaction. Guano accumulation only helps stir the pot of ignorance. Expecting the media to give unbiased opinion is the equivalent of walking through a mine field to collect a $20 bill.

5. It's Been Almost A Year Since ECRI's Lakshman Achuthan Made His Recession Call, and ECRI's Weekly Index Has Risen in Each of the Last Five Weeks?

I was right

By the way, that is NOT me in the video, but I have been to each of the locations featured in the video.

Right? Really? Government debt has exploded and the employment participation rate is at historical lows. There has been an explosion in food stamp dependence and many people still have homes that are worth less than their mortgages. A university education gets you a job in retail or selling coffee. The actual data is massaged and tortured until it yields information that the government wants to spin rather than tell us what is really going on. The bond bubble has been blown up and the market is depending on the Fed trying to destroy the currency or on Romney making a difference. Sorry but from what I see you could not have been any more wrong. By any traditional measurement method the real economy is weak and failing.